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Dogecoin Whale Dumping 176M DOGE Raises Concerns, Is A Correction Ahead?

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A Dogecoin whale raised severe market concerns as the week kicks off, recently dumping nearly 176 million DOGE to a crypto exchange. Despite the renowned dog-themed meme token already being on a price rally, the whale dump emerged, raising investor sentiments of a looming correction. Meanwhile, DOGE price beat Bitcoin in intraday gains, soaring 4% despite the massive dump. Market watchers speculate over the asset’s future price trajectory in the wake of recent market statistics.

Dogecoin Whale Dump Amid Rally Raises Investor Concerns

In a notable shift of events, a Dogecoin whale was recorded to have dumped 176.64 million DOGE, worth $25 million, to the leading crypto exchange, Binance. As per Whale Alert data, the wallet address DD1…jCn moved the abovementioned amount of coins to Binance as of October 20. The transaction, underscoring a loss of investor interest in the asset, ignited bearish market concerns surrounding the leading meme coin’s future price action.

However, it’s worth mentioning that the token is currently on an uptrend against the backdrop of Musk-related events amid the ongoing U.S. presidential buzz. CoinGape Media reported the token to be riding bullish waves amid Elon Musk’s recent donation worth $75 million to elect Donald Trump. Nevertheless, the massive Dogecoin whale dump, bringing selling pressure to the asset, births severe concerns surrounding the coin’s future price trajectory.

Is A Correction Next For DOGE?

At press time, DOGE price witnessed gains worth 4% in the past 24 hours and is currently trading at $0.1473. The coin’s intraday low and high were $0.1376 and $0.1488, respectively. Notably, weekly and monthly charts for the token illustrated gains worth 32% and 39%, respectively. However, as mentioned above, investors remain apprehensive about future movements due to the aforementioned massive Dogecoin whale dump.

Further, Coinglass data indicated a 0.5% dip in DOGE futures OI to $1.06 billion, adding to market concerns orbiting the asset. A recent DOGE price analysis by CoinGape Media indicated that the meme coin eyes a correction ahead after noting roughly 30% weekly gains as it entered into an overbought region. Notably, the analysis indicated that the asset’s price stretched too far from the Exponential Moving Average, pointing out that buyers overextended the recovery trend. This dynamic flags that the coin could witness a correction due to being overbought.

Additionally, an X post by crypto market analyst Ali Martinez over the weekend indicated that TD Sequential flashed a sell signal on the coin’s daily price chart. This metric further hinted that the Dogecoin eyes a brief correction before the continuation of an uptrend. Altogether, recent market dynamics collectively hint that the meme-themed crypto is readying for a potential correction ahead.

DOGE price analysis by Ali MartinezDOGE price analysis by Ali Martinez

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ethereum’s Vitalik Buterin Reveals Vision for ApeCoin, Zuzalu, and Other DAOs

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Ethereum co-creator Vitalik Buterin on Monday said he hopes to witness the future decentralized autonomous organization (DAO) having more ways to obtain highly decentralized and permissionless formal membership. Buterin claims any currency is permissioned currently and there is even a continuous tradeoff space between the ApeCoin and ZuVillage levels of permissionedness.

Vitalik Buterin Proposes Quadratic Funding Style For DAO

Ethereum co-founder Vitalik Buterin responded to an X post on different levels of gatekeeping at DAO governance forums. The current open structure of the best DAO project requires “heavy-handed moderation,” since spammers and sales post on the forum tasking on the forum.

Zuzalu is referred to as the most sophisticated with 3 levels of access, with those who haven’t attended any popup city being excluded completely.

Meanwhile, ApeCoin governance form is open to all in Web3 and Arbitrum DAO is open to anyone on the Internet. This poses risks to the project and the people.

Vitalik Buterin claims any currency is permissioned and one needs permission from the existing holder to become a holder in the project. He added that there is a continuous tradeoff space between the ApeCoin and ZuVillage levels of permissionedness.

“You could imagine a quadratic funding style mechanism, weighted by existing membership points, to accumulate membership points. This is the sort of thing that I would love to see the Optimism Citizens’ House, Zuzalu communities, and other DAOs experimenting with.”

He thinks that DAO needs more ways to have formalized membership that are highly decentralized and permissionless. Also, the decentralization must not be restricted to token holdings only.

ApeCoin, Arbitrum, and Optimism Prices To Rally?

Vitalik Buterin becomes more active on social media as he shares his vision and roadmap for Ethereum. He has fueled ETH price and triggered an upside momentum in altcoins. Buterin has shared

APE price has rallied 110% in a week as ApeCoin DAO announces the launch of ApeChain, an Arbitrum Orbit layer-3 blockchain. The price is currently trading 6% up at $1.61, with a 24-hour low and high of $1.37 and $1.74.

ARB price jumped 1% in the last 24 hours and 7% in a week. The price is trading at $0.5883, with a trading volume soaring 95% over the last day.

Meanwhile, Optimism (OP) price has lost momentum, climbing just 3% in a month. OP price is changing hands at $1.74 at the time of writing. Recently, Vitalik Buterin endorses Optimism’s SuperchainERC20 update, enhancing Ethereum’s layer-2 scalability and interoperability.

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Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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XRP Price Prediction: Ripple Flashes Green Signal, but This Rival Below $1 Might Rise 2,000% Sooner

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As the XRP price shows signs of recovery, a new contender, RCO Finance (RCOF), emerges as a potential game-changer in the DeFi space. 

With predictions of a staggering 2,000% ROI, RCOF could surpass XRP’s growth, making it an attractive investment opportunity for those looking to capitalize on the evolving crypto landscape.

But what are the factors contributing to this bullish outlook? Find the details below! 

AI-Powered DeFi: Investing Made Easy With RCO Finance

With the XRP price rising, RCO Finance (RCOF) is emerging as a pioneering force in the crypto market, making it an investor’s dream. Its innovative features and significant growth potential position RCOF as an attractive option for those seeking lucrative opportunities in crypto trading.

One of the features that makes RCO Finance most notable is its highly personalized robo advisor. The tool scans your financial targets, your appetite for risk, and your market preferences to create a customized investment plan for you, removing any initial complexity. 

Once you input your preferences, the robo advisor crafts a suitable investment strategy based on various factors and market data from reliable sources like Bloomberg and Reuters. You don’t need to be an expert; it automatically trades in line with your objectives, allowing you to maintain your investment without constant oversight.

To further incentivize investors, RCO Finance offers impressive staking opportunities with an annual return rate of 86%. This allows investors to earn profits while also enhancing the network’s security. Currently, investors receive quarterly dividends ranging from 1% to 6% of the total token investment.

RCO Finance has demonstrated a commitment to protecting people’s investments by regularly subjecting its smart contracts to audits by the reputable SolidProof. This provides a solid foundation for potential investors, making RCO Finance an ideal choice for those new to cryptocurrency investing.

The XRP Price Finally Wakes From its Slumber

Recently, cryptocurrency analyst Dark Defender warned that smaller time frames can mislead traders regarding the XRP price. 

Currently, the monthly chart shows limited movement potential for the XRP price. This critical phase occurs when support and resistance lines intersect, often signaling a significant price shift.

Dark Defender also pointed out in his chart on X that if the XRP price breaks above the Ichimoku Cloud, it may mean a strong bull run is in the making. He also advised that traders should carefully follow these indicators in the future to easily predict the XRP price amid market uncertainty.  

Meanwhile, the XRP price seems to be recovering from several weeks of inactivity. Over the last 14 days, it experienced a modest 1.9% increase. Demand for XRP has also risen, with recent trends showing more buyers than sellers, indicating growing confidence in the asset.

RCOF: Second Moonshot? Potential 2000% ROI Anticipated Post Launch

Amid the positive momentum in XRP price predictions, RCO Finance is also making waves in the market, having sold over 70% of its allocated tokens in Stage 2. The token presale is experiencing immense investor interest, raising over $3 million in just the first two stages.

RCOF tokens are currently priced at $0.0344 each for investors eager to participate. A special offer is available: Use the promo code RCOF50 to receive a 50% discount off the current price.

Moreover, RCO Finance has implemented a unique burn system that eliminates half of the tokens through buybacks. This strategy is key to enhancing the value of the presale tokens, which is why analysts are forecasting a potential rise of up to 2000% at launch—outpacing XRP’s year-to-date gains.

Don’t miss this opportunity—secure your RCOF tokens today and position yourself for significant returns!

For more information about the RCO Finance (RCOF) Presale:

Visit RCO Finance Presale

Join The RCO Finance Community



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MEW Price Shoots Up 14% On Major Exchange Listing After SHIB and DOGE

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Solana meme coin Cat in a Dogs World stole the spotlight across the meme crypto sector on Monday as MEW price witnessed a remarkable surge. Recent market data reveals that the Solana meme token’s price shot up nearly 14% in light of listing on a renowned cryptocurrency exchange. Notably, South Korean crypto exchange pioneer Upbit revealed that the token is being listed pegged to the Korean Won (KRW) pair on the trading platform. This decision has echoed a market frenzy, as the Solana-based coin emerges as the third meme coin to achieve such a feat after DOGE and SHIB.

Cat in a Dogs World (MEW) Secures Listing On Upbit After DOGE & SHIB

In an official Upbit announcement dated October 21, the crypto exchange revealed that it is adding Cat in a Dogs World to the KRW market today. This means that users can trade the MEW/KRW pair on the exchange starting at 16:00 UTC today. Buy orders are restricted for approximately 5 minutes after the trading support, the announcement notified.

Further, deposits and withdrawals are only supported through the guided network MEW-Solana, as mentioned by the S. Korean crypto exchange. Also, deposits and withdrawals can only be made via personal wallet addresses, given confirmation of ownership is completed. Nevertheless, the listing, offering enhanced trade offerings in the Asian market, ignites bullishness as it paves the way for additional trader and investor interaction with the asset.

It’s noteworthy that the Solana-based token is the third meme coin that has been integrated into the exchange with the KRW peg after DOGE and SHIB. Simultaneously, MEW price today rode bullish waves following the Upbit listing announcement.

Solana Meme Coin Extends Gains

MEW price noted an uptick of 14% in the past 24 hours and is currently trading at $0.009561. The coin’s intraday low and high were recorded as $0.008382 and $0.01043, respectively. Traders also appear to have reacted positively to the listing announcement, as the coin’s intraday trading volume noted a staggering 370% increase to $358.26 million.

Meanwhile, market watchers anticipate further gains for the asset, primarily attributable to the listing announcement whilst reflecting on previous data. Notably, the Solana meme token also rallied remarkably the previous month as Upbit revealed listing for it in BTC and USDT markets. This past performance has brought significant attention to the latest KRW pair listing.

In addition, Coinglass data indicated that the Solana-based coin’s futures OI upsurged nearly 16% to $165.43 million today. Moreover, even the derivatives volume gained 302% to $1.32 billion, sparking optimism. Coupled with today’s price gains, data indicates that MEW is currently on an uptrend.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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